New Contract Win (4712P)
04 Oktober 2011 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 4712P
Intercede Group PLC
04 October 2011
New Contract Win
Contract value exceeds $1m
Released 4 October 2011
Intercede (London Stock Exchange AIM: IGP) announces that it has
won an order for the supply of Intercede MyID Identity and
Credential Management software licenses totaling in excess of
US$1m. This contract is in support of the issuance of ICAO(1)
compliant smart card travel documents. The country and partner
cannot be named at this time.
This contract will contribute more than $1m to current year
sales as well as generating a long term annuity support and
maintenance revenue stream. At a time of global recession and
spending cuts, this new government related order underscores the
resilience of Intercede's business model and places Intercede on
track to meet full year market trading expectations.
Richard Parris, Intercede Chief Executive, commented: "Intercede
continues to supply its MyID software in support of homeland
security initiatives around the world. Intercede MyID is already
used to issue ICAO compliant documents for the government of Kuwait
and this new contract reinforces our reputation for producing
software capable of managing the issuance of biometric passports to
citizens. This puts Intercede in an excellent position to benefit
from the growing market in secure electronic travel documents."
Note 1: The International Civil Aviation Organization (ICAO)
defines the standards for machine readable official travel
documents (MRTDs) used for passports, e-passports and smart card
based ID cards containing electronic and biometric information.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Richard Parris, Chairman & Chief
Executive
Andrew Walker, Finance Director
FinnCap Tel. +44 (0)20 7600 1658
Charles Cunningham
Rose Herbert
Joanna Weaving
Pelham Bell Pottinger Tel. +44 (0)20 7861 3112
Archie Berens
Clare Gilbey
About Intercede
Intercede is the producer of the MyID Identity and Credential
Management System (IDCMS).
Intercede MyID technology is being used around the world by
large corporations, governments and banks to manage millions of
identities for employees, citizens and customers. Notable
deployments in the US include 14 federal agencies, two million
smart cards in support of the US Transportation Worker Identity
Credential program (TWIC), four US financial institutions and
320,000 smart corporate identity badges for Boeing, Booz Allen
Hamilton and Lockheed Martin. In Europe, Australasia and the Middle
East, Intercede MyID is being deployed in support of government
identity, financial services, health and corporate employee ID
security projects.
Intercede MyID is the only IDCMS software product that enables
organizations to easily and securely manage the identities of
people and their associated identity credentials within a single,
integrated, workflow driven platform. This includes enabling and
managing secure registration, biometric capture, application
vetting and approval through to smart card personalization,
issuance and management.
Intercede MyID was the first electronic personalization product
to achieve compliance with the US FIPS-201 Personal Identity
Verification (PIV) standard and is widely deployed by federal
agencies, government contractors and other commercial entities. In
particular, it supports the latest standards applicable for all
PIV, PIV-Interoperable and PIV-Compatible deployments.
It can issue and manage a wide variety of IDs and credentials,
providing customers with a platform that can meet their needs now
and in the future. It is a fully supported commercial off-the-shelf
product that can be quickly deployed for thousands or millions of
users.
For more information visit www.intercede.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTQXLFBFBFZFBK
Intercede (LSE:IGP)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Intercede (LSE:IGP)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
